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Formula 1 seeking independent engine supplier

Formula 1 could get a new engine supplier in the near future, if Bernie Ecclestone and the independent teams gets their way. According to Autosport, the FIA is soon to open the contract up for bids, and there are already several manufacturers that have expressed interest. Currently Mercedes, Ferrari, Renault, and Honda supply engines – both to their own premier teams (Red Bull and McLaren for the latter two) but also to other teams like Williams, Sauber, and Toro Rosso. Because the new turbocharged V6 hybrid power units cost those four suppliers so much to develop, they're charging their customer teams big bucks – around $20-30 million per season – to provide the engines. These costs are much higher than the $10 million or so it used to cost to purchase a V8 engine under the previous regulations. Ecclestone figures it's time to bring in another supplier who will not run their own team and not play favorites, but will supply engines to private teams at a lower cost. There are already a number of potential suppliers under consideration. One of them is said to be Cosworth, which has a long history in the series stretching back to 1963. The British firm stepped back between 2007 and 2009, returned in 2010, and dropped out again after 2013. The development could be of particular benefit to Red Bull, which has been unable to find an engine supplier and could be forced out of the series as a result. The team has long been powered by Renault, but that relationship has grown sour. And the other three engine manufacturers have not been forthcoming in offering an alternative arrangement for the team. Related Video: News Source: AutosportImage Credit: Cosworth Motorsports Ferrari Honda Infiniti McLaren Mercedes-Benz Renault F1 engine contract

F1's Daniel Ricciardo a Monaco spoiler? 'I run those streets'

MONACO - Daniel Ricciardo jokes that he has a new strategy for Monaco this year - no pitstops, just keep going all the way to the checkered flag. The rules do not allow him to do that, of course, but the comment underlines the lingering pain of last year when the Australian seized pole position but was robbed of victory by a pitstop bungle. "It sucks. It hurts," said the Red Bull driver, who finished second to Mercedes' Lewis Hamilton, at the time. "I got to the pits and everyone's running around like headless chooks (chickens)." The pole position was the only one that escaped champions Mercedes last year, and Ricciardo took some solace when he then won in Malaysia after Hamilton suffered engine failure. Title rivals Hamilton and Ferrari's Sebastian Vettel, separated by just six points and with two wins apiece, will be the favorites in Sunday's showcase race around the metal-fenced streets. But Ricciardo reckons he can again muscle in on the action, even if his car's Renault engine is down on power. "Regardless of where the car is at come Monaco, I'm certainly confident going there," he said at the previous Spanish Grand Prix, where he finished third. "I certainly feel like I run those streets ... I already get excited thinking about Monaco, I love that place. It's cool," he added. "The memories of last year are still more sweet than bitter so I'm just excited to get another chance this year." MILESTONES IN MIND Both Hamilton and Vettel have their own milestones in mind on what promises to be a sunny week in the Mediterranean principality for the two multiple title winners. Vettel, the championship leader, is aiming to become the first Ferrari driver to win in Monaco since Michael Schumacher in 2001 -- almost ancient history as far as Formula One is concerned. Hamilton meanwhile can equal his late, great idol Ayrton Senna's career tally of 65 pole positions on the 30th anniversary of the Brazilian's first Monaco win. Mercedes are going for their fifth successive Monaco win, with Hamilton triumphant last year after three victories in succession for now-retired champion Nico Rosberg. The title duel, in the sixth and slowest round of the championship, will also be about absent friends and returning heroes. Jenson Button, the 2009 world champion who called it a day last year, will be filling in for Spaniard Fernando Alonso at McLaren while the double champion takes on the Indianapolis 500 on the same weekend.

Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction

Ferraris continue to rake in money during classic car auctions, and the sale of RM Sotheby's Pinnacle Portfolio collection during Monterey Car Week is only further proof of that. The Prancing Horse grabbed four of the top five spots among the 25 vehicles crossing the block. The leader among them was a 1964 Ferrari 250 LM with an extensive racing history that went for $17.6 million, according to the company's unofficial numbers sent to Autoblog. The only vehicle to keep Ferrari from locking out the top five was a 1998 McLaren F1 LM-Specification that went for $13.75 million. It's claim to fame included being the second-to-last road version of these famous supercars built. Plus, the coupe is only one of two with the LM spec package, which included the 680-horsepower racing version of the V12. Showing more modern Ferraris are also appreciating, a 2005 Enzo went for $6.05 million, taking third place. This example was the last one ever made and was originally gifted by the company to Pope John Paul II. However, he had the car sold for charity. Similarly special, fourth went to a 1994 F40 LM racecar for $3.3 million. Finally, a 1967 275 GTB/4 rounded out the top five also at $3.3 million. Amazingly, the vehicles in the Pinnacle Portfolio came from just one person who the company only identified as a "private US-based gentleman collector." Check out the gallery to see all 25 rolling across the block, including a Toyota 2000GT, Porsche 959, and Jaguar XJ220.